Payroll Management: The Ultimate Guide

Consider implementing an online portal where employees can easily access and update their personal information. Running a business requires you to have a handle on a whole host of things. Having a payroll administrator can…

Manufacturing Overhead Costs Explanation

Though allocation bases can vary, the most commonly used are direct machine hours and direct labor hours. The calculation result means that 7.25% of sales revenue will need to go toward overhead manufacturing costs. The…

Bookkeeping basics: A guide for small businesses

If you have accounting software, it will manage your ledger for you. QuickBooks Online users have year-round access to Live Bookkeepers who can set up the software, then help manage finances. The core function of a bookkeeper is…

Labor rate variance definition

In this question, the Bright Company has experienced a favorable labor rate variance of $45 because it has paid a lower hourly rate ($5.40) than the standard hourly rate ($5.50). Generally, the wage rate is…

Labor rate variance definition

In this question, the Bright Company has experienced a favorable labor rate variance of $45 because it has paid a lower hourly rate ($5.40) than the standard hourly rate ($5.50). Generally, the wage rate is…